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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: BitWizrd who wrote (660)	12/14/1998 11:25:00 AM
From: zuma_rk	Read Replies (1) \| Respond to of 20297

<<I agree, the banks best learn to to move fast, or they are going to lose this war even on their own ground.>> Bit -- Seems like a GREAT service -- it's just wild what is going on behind the scenes in the financial services arena. BTW -- I had an inkling about this service at the CF shareholders' meeting a few months back, and asked Pete privately about it after the meeting. He didn't offer very many details, but you could kind of glean the enormous potential the brokerage firms have in potentially unseating banks as the trusted financial institutions (if they don't get off their keesters)... One last note -- a small shortfall of Schwab's service. Many, many folks who use Schwab, Fido, etc. for their trading are also in the securities business (me included, although I'm on the operations side). We are required by the NASD to get our employers' approval upon opening any brokerage accounts and must provide duplicate statements and confirms. While Schwab's new service is VERY attractive (I'm sick of Citi, to be honest), I'm not sure I want a clerk in the compliance department of our firm getting my duplicate statements with details about the amount of my salary direct deposit, how much I pay for cable, rent, etc., etc. -- you get the picture. Hopefully they'll iron out this (small) criticism and I'll probably sign up as well! Regards, RK